CAPROCK Group Inc. bought a new position in shares of Praxair, Inc. (NYSE:PX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,436 shares of the basic materials company’s stock, valued at approximately $236,000.

Other large investors have also modified their holdings of the company. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Praxair by 1.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock worth $35,818,000 after buying an additional 2,489 shares in the last quarter. Atlantic Trust Group LLC lifted its holdings in shares of Praxair by 1.4% in the third quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after buying an additional 12,173 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Praxair by 14.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after buying an additional 962 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Praxair by 81.9% in the third quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock worth $6,620,000 after buying an additional 21,333 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Praxair by 2.7% in the third quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock worth $4,976,000 after buying an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Praxair, Inc. (PX) opened at $161.50 on Friday. Praxair, Inc. has a 52-week low of $115.53 and a 52-week high of $166.08. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. The company has a market cap of $46,240.00, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00.

Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the business earned $1.41 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Praxair, Inc. will post 5.81 EPS for the current fiscal year.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the transaction, the director now directly owns 16,697 shares in the company, valued at $1,957,890.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on PX shares. JPMorgan Chase & Co. raised their target price on shares of Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Monday, November 6th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and raised their target price for the company from $155.00 to $175.00 in a research note on Tuesday, December 19th. Jefferies Group set a $186.00 target price on shares of Praxair and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Praxair currently has a consensus rating of “Hold” and an average target price of $159.86.

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Praxair Company Profile

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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